India will overtake 35GW of renewable energy capacity in 2025, supported by solar PV module prices, enhanced wind manufacturing capacity, and an impressive project pipeline. However, officials claim this growth still needs to gather more vigor to achieve the aimed target of 500 GW of renewable power capacity by 2030.
"The current pace of renewable energy capacity addition in India, while significant, falls short of the targets needed to meet the ambitious goal of 500 GW by 2030," said Sundeep Gupta, Vice Chairman and Managing Director of Jakson Group. With approximately 203 GW achieved, including 94 GW from solar energy, a gap of 300 GW remains to be filled in the next five years.
India achieved more than 200GW of renewable energy capacity installed during October 2024. It is already 46 percent above the 2030 target of 450 GW. Fiscal 2025 is expected to add 19–21 GW, driven by easing supply chain pressures and moderating raw material prices. "India’s strong manufacturing capabilities and reputation as a supplier of high-quality solar products strengthen its global position," noted Gyanesh Chaudhary, CMD, Vikram Solar Limited.
Additionally, with its current 47 GW capacity, the wind energy sector is set for double-digit growth, projecting 20–30 GW of renewable additions in 2025.
Girish Tanti, Vice Chairman of Suzlon Group, emphasized, "We need to stick to the CEA recommended energy mix of 300:100:100 (that is 300 GW of solar, 100 GW of wind, 100 GW of hydro and other RE sources). Largely, both solar and wind will comprise 80% of the total mix." The government’s measures mean that problems such as delayed power purchase agreements and grid infrastructure will likely be solved.
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